Miami-Area Businessman Convicted In $40M Investor Scheme

By Ama Sarfo

Law360, New York (July 15, 2013, 7:07 PM ET) -- A Florida federal jury on Friday convicted a top executive of bankrupt Miami Beach-based manufacturing company InnoVida Holdings LLC on charges that he and a fellow executive conned investors out of $40 million.

Craig Stanley Toll, 64, of Pembroke Pines was convicted of two counts of conspiracy to commit wire fraud, three counts each of substantive wire fraud and making false statements to a U.S. government agency, and one count each of major fraud against the U.S. and conspiracy to commit money laundering. Toll was acquitted...